Lam Research is a value investment. I've priced it with long term growth taken into account to be a bargain buy around $190. That said, this equity is on sale. We could be on our way to test the long term trend from 2012 though around 105...which would be insanely cheap. If we break out of this current short term down trend, I will look to take this long. ...
I'm looking for STMP to return to its long term support line around 150. I'd like to see a test here where I'll pick this up and place a stop just underneath. - SITB
